SAN JOSE, Calif., July 25, 2003 (PRIMEZONE) -- Market News International (MNI), the accredited financial news and information company serving active participants in the fixed income and foreign exchange markets, announced today a partnership with Semotus Solutions, a provider of wireless solutions specifically designed to match the real-time needs of enterprise customers. As a result of the partnership, MNI's exclusive news and analytical content will be available on wireless devices through the Semotus Global Market Pro application.
Global Market Pro, which allows market professionals to monitor financial markets in real-time via a wireless device, will now carry MNI's Main Wire, Fixed Income Bullet Points and Foreign Exchange Bullet Points.
"Working with Semotus, we've been able to deliver our real-time products to subscribers' Blackberry devices at JP Morgan, one of our best customers," Michael Connor, chairman and chief executive officer of MNI, said. "Given the need of our users for mobility and 24-hour access to information, we expect our partnership with Semotus to be of great interest to other financial firms as well."
Global Market Pro is designed for market professionals and institutional traders who deal in high level financial transactions and require real-time information on more than just their desktops, 24 hours a day. Global Market Pro delivers seamless, relevant, financial information from the industry's leading financial news providers, now featuring MNI's products in the mix.
"Our partnership with Market News International underscores Semotus'commitment to delivering only the highest quality data to our subscribers," Pamela LaPine, President, Financial Division of Semotus, noted. "The value of Global Market Pro is significantly enhanced with the MNI news source added to the product."
About Market News International
Market News International is the leading real-time news agency dedicated to the global fixed-income and foreign exchange markets, and provides information that is also relevant to the equity markets. Founded in 1983, MNI is an accredited news agency with bureaus in New York, Washington D.C., Chicago, London, Rome, Brussels, Frankfurt, Paris, and Berlin. To learn more, please visit www.marketnews.com.
About Semotus Solutions
Founded in 1993, Semotus Solutions (AMEX:DLK) is a premier provider ofsoftware for the mobile enterprise connecting employees to critical business systems, information and processes. With a Fortune 1000 installed base and more than 600 corporate customers including Lockheed Martin, Blue Cross Blue Shield, Coca-Cola, Hewlett Packard, Nextel Communications, JP Morgan Chase and The United Nations, Semotus Solutions' software provides mobility, convenience, efficiency and profitability in the areas of workforce automation, finance, healthcare, and m-commerce. Semotus Solutions is proud to be included in the Deloitte & Touche 2002 "Technology Fast 500" list of companies. www.semotus.com
MNI Contacts: Joanna Biggs Market News International 212-669-6421 jbiggs@marketnews.com Christina Buensuceso Spring, O'Brien 212-620-7100 christinab@spring-obrien.com Semotus Solutions Contacts: Stephanie Janard Media Contact 303-708-1159 sjanard@semotus.com Tali Durant Investor Relations Contact 408-358-7100 tdurant@semotus.com
This press release contains forward-looking statements, which are made pursuant to the Safe-Harbor provisions of the Private Securities Litigation Reform Act of 1995. Words such as ``intends, ``believes and similar expressions reflecting something other than historical fact are intended to identify forward-looking statements, but are not the exclusive means of identifying such statements. These forward-looking statements involve a number of risks and uncertainties, including the timely development and market acceptance of products and technologies, successful integration of acquisitions, the ability to secure additional sources of finance, the ability to reduce operating expenses, and other factors described in the Company's filings with the Securities and Exchange Commission. The actual results that the Company achieves may differ materially from any forward-looking statement due to such risks and uncertainties. The Company undertakes no obligation to revise or update any forward-looking statements in order to reflect events or circumstances that may arise after the date of this release.